October 15, 2018
North American Free Trade Agreement or Nafta and 2026 football world cup organizing countries concept with close up on the flags of Mexico, USA and Canada

Who Was the Real Winner from the ‘New NAFTA’ Deal?

After 14 months of negotiations, personal attacks and twitter rants it would appear that the US, Canada and Mexico are going to approve a ‘new NAFTA’ deal renamed the USMCA deal. Although every nation appears to have made concessions we take a look a key parts of the deal and what they might offer each […]
September 4, 2018

No NAFTA Deal Agreed – USD/CAD Up Significantly

This week both the Europe and Northern America had been focusing on deals. Europe seeing possible developments with the deal between the UK and EU and Northern America reaching their deadline to finalise the new NAFTA agreement.  Whilst US officials plan to meet the Canadians next week to pursue the agreement, its understood that the […]
August 20, 2018

Inflation Figures Boost CAD – but Is Canada Being Eased out of NAFTA Talks?

This week’s Canadian Inflation Figures spurred the Canadian dollar this week with the Loonie enjoying gains against a multitude of currencies. The figure which smashed its target is now fuelling speculation that the Bank of Canada could raise interest rate again. The gains come despite speculation that the US and Mexico could be squeezing Canada […]
July 16, 2018
European Central Bank (ECB)

Report on ECB Members Sentiment Spurs on the Euro

This week’s data bolstered the Euro, inflation would have now appeared to have turned a corner registering the highest level since April last year. The indicators have caused some ECB members to highlight that a rate rise should be implemented sooner than next year, contradicting Mario Draghi’s slow and steady, softly-softly approach.
July 11, 2018
Canadian flag and skyscrapers

Canadian Dollar up Following June’s GDP Figure

The Canadian Dollar managed to shrug some trade and NAFTA driven pressure this week following the monthly GDP which showed good signs of life demonstrating 0.1% growth against the expected flat figure of 0.0%. The positive number added to the likelihood of a Canadian interest rate rise in July.
April 10, 2018
NAFTA agreement

Is a New NAFTA Agreement Close?

In recent days news has been circulating in the financial media that the parties involved are wanting to get the agreement done. Whilst many insist more urgency has been created due to the potential of a US-China trade war. Negotiations have been taking place and continued long into Friday evening. Held in Washington, the talks […]
April 9, 2018

Canadian Dollar Continues to Struggle as GDP Contracts

Canadian GDP missed target this month compounding the Canadian Dollar’s troubles this week. The Canadian Dollar has struggled recently due to few developments in the new NAFTA agreements plus earlier Q4 GDP figures.
January 24, 2018
USD/CAD exchange rate

USD/CAD Exchange Rate Momentarily Falls as BOC Rise Interest Rates 0.25%

With the majority of investors having already priced in a rise in Canadian interest rates this month the Bank of Canada’s decision was unlikely to have shocked. Following Canada’s bumper employments change data, the probability of the bank raising their interest rate was judged to have been at around 70%. This news had seen the […]
December 10, 2017

Canadian Dollar to US Dollar Drops as BOC’s Future Rates Hikes Are Delayed

The Canadian Dollar fell against the against the US Dollar as the Canadian central bank left rates unchanged at 1%. The hold which was completely expected markets was not the instigator for the Canadian Dollar loses, rather more the speculation over when the next rate hike may be. Canadian unemployment and labour market Investors were […]